The U.S. construction pipeline showed healthy growth in the first quarter

The U.S. Construction Pipeline kicked off the first quarter of 2018 with 5,255 Projects/636,174 Rooms, up 4% by projects and 6% by rooms Year-Over-Year (YOY), according to analysts at Lodging Econometrics (LE). In comparison to the highest Pipeline level recorded by LE, the current quarter is just 628 Projects/149,373 Rooms, or 11% beneath the peak which occurred in Q208. We expect the Pipeline to continue its modest growth through 2018.

There are 1,592 Projects/205,449 Rooms Under Construction, up 5% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 2,297 Projects/272,459 Rooms are down 5% by projects YOY and projects in Early Planning are at 1,366 Projects/158,366 Rooms, up 23% YOY.

One of Bristlecone Construction’s recent projects is Ogden Street Flats, a 29-unit, $8.4 million apartment building in Denver that will integrate an existing 1930s auto shop with the new five-story structure. Bristlecone will complete the concrete and framing, and provide General Contracting Services. Rendering: Range Design and Architecture

HITT Contracting’s Co|Lab facility, set to open next summer, will be dedicated to testing products and ideas that will have a direct impact on the building industry. Designed by William McDonough + Partners, the cross-laminated timber (CLT) structure will serve as an exhibit, telling the story of mass timber buildings, living walls, and HITT’s application of VDC methodology and tools on the project. Courtesy HITT Contracting.

Boston University's Goldman School of Dental Medicine will increase its clinical space by 60% through a renovation and addition that are being conducted while the school stays open and continues to offer its services to students and the community. Image: SmithGroupjjr